Investor pulls out of Woodstock 50, leaving fest in shambles

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Investor pulls out of Woodstock 50, leaving fest in shambles
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A financial investor in Woodstock 50 announced Monday it was pulling its funding from the anniversary event, set to take place Aug. 16-18 in Watkins Glen, New York.

FILE - This Aug. 14, 2009 file photo shows a van decorated with"Woodstock or Bust" at the original Woodstock Festival site in Bethel, N.Y. NEW YORK -- Woodstock 50 is proving to be as chaotic as the original festival held in 1969.

“Despite our tremendous investment of time, effort and commitment, we don't believe the production of the festival can be executed as an event worthy of the Woodstock Brand name while also ensuring the health and safety of the artists, partners and attendees,” Dentsu Aegis Network's Amplifi Live said in a statement.

The anniversary event has had some bumps in the road in the last few weeks. Tickets were originally supposed to go on sale last week, but was postponed . And some of the performers leaked to the press ahead of its announcement.

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